Janet Yellen Warns Of 'Economic Calamity' If Debt Ceiling Impasse Is Unresolved; 'No Way….Other Than Congress Doing Its Job'
- last year
Treasury Secretary Janet Yellen is warning of the possibility of the government defaulting, potentially as early as June 1, if the debt ceiling isn't suspended or raised.
The Treasury could run out of cash as early as June 1st and has exhausted all “extraordinary measures” to avert the crisis, Yellen said on ABC's “This Week” on Sunday.
"We have been using extraordinary measures for several months now. And our ability to do that is running out," she said.
The Treasury could run out of cash as early as June 1st and has exhausted all “extraordinary measures” to avert the crisis, Yellen said on ABC's “This Week” on Sunday.
"We have been using extraordinary measures for several months now. And our ability to do that is running out," she said.